Tag Archives: Obama Administration to Banks: Ease Up on Home Loans

The Obama administration is making a push for home loans to be more available to those with weaker credit, adding that the housing recovery is leaving too many potential home buyers behind — particularly young professionals — who can’t qualify for financing. The administration says easing up mortgage standards would also help provide a boost to the economic recovery. However, critics say it could prompt the return of risky lending that was blamed for igniting the housing crash. The administration says it is working to get banks to lend to […]